In this article AMZN John MacDougall | AFP | Getty Images Amazon is planning to open large retail locations that resemble department stores, according to a Wall Street Journal report. The newspaper, citing people familiar with the plans, reported that some of the first Amazon department stores are expected to be in California and Ohio.
Technology
In this article VIAC CMCSA Brian Roberts, Chairman and CEO of Comcast David A. Grogan | CNBC Comcast and ViacomCBS are partnering to launch a European streaming service, the companies announced Wednesday. The service, dubbed “SkyShowtime,” is expected to launch in 2022 and roll out in more than 20 European countries including Spain, Portugal and
In this article PLTR Alexander Karp, CEO of Palantir Technologies Inc. Getty Images While some companies such as Tesla are diversifying into bitcoin, data analytics software company Palantir is betting on gold. Palantir bought $50 million in gold bars in August, the company disclosed in its latest earnings statement. The move reflects a growing company
In this article TSLA Federal vehicle safety regulators launched a formal investigation into Tesla‘s Autopilot system following a series of crashes that have left at least 17 people injured and 1 dead, according to documents posted to the National Highway Traffic Safety Administration on Monday. Autopilot is Tesla’s limited self-driving feature that still requires a
In this article 9999-HK 700-HK 7974.T-JP MSFT 6758.T-JP Gamers visit Sony’s PlayStation booth at the annual China Joy gaming conference in Shanghai on July 30, 2021. Arjun Kharpal | CNBC GUANGZHOU, China — For 14 years, gaming consoles from the likes of Sony, Microsoft and Nintendo were banned in China. The ban was finally lifted
Kevin Paffrath, Kevin Paffrath smiles for a selfie in front of the California State Capitol in Sacramento on Friday, July 16, 2021. Kevin Paffrath via AP Last year at this time, Kevin Paffrath was focused on his YouTube channel, where his half-million-plus followers could tune in for daily commentary on housing, stocks and stimulus checks.
Cynthia DiBartolo, CEO, Tigress Financial Partners, at the New York Stock Exchange. Source: NYSE Robinhood’s highly anticipated IPO last month was led by Wall Street heavy hitters Goldman Sachs and JPMorgan Chase. But the extensive list of underwriters also included boutique minority-owned firms Ramirez & Co. and Siebert Williams Shank. Of the 17 firms that
Dan Elitzer and Jeremy Rubin rolled out the “MIT Bitcoin Project” in 2014. Christopher A. Maynor Jeremy Rubin was a sophomore studying computer science and electrical engineering when he decided that he wanted to give every undergraduate student at the Massachusetts Institute of Technology $100 worth of bitcoin. Seven months later – armed with half
In this article NFLX DIS Cars drive past a sign featuring Mickey Mouse at the entrance to Walt Disney World on the day that portions of the theme park, including the Magic Kingdom, reopened to guests after being closed since mid-March due the coronavirus pandemic. Paul Hennessy | SOPA Images | Getty Images This round,
In this article UBER DASH ABNB A bike messenger carries a DoorDash bag during a delivery in New York, Wednesday, Dec. 9, 2020. Michael Nagle | Bloomberg | Getty Images Airbnb CEO Brian Chesky told CNBC’s “Mad Money” in April that the home-sharing site can “take marketing down to zero and still have 95% of
The Poly Network logo displayed on a phone screen with a physical representation of some cryptocurrencies. Jakub Porzycki | NurPhoto via Getty Images Nearly all of the $600 million stolen in one of the biggest cryptocurrency heists ever has now been returned by hackers. Poly Network, the crypto platform targeted in the attack, said Thursday
Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin. Chesnot | Getty Images A person claiming to be the hacker behind one of the biggest cryptocurrency heists of all time says they stole the funds “for fun.” More than $600 million worth of crypto was stolen in the cyberattack, which targeted a decentralized finance platform
An Amazon-branded Boeing 767 freighter, nicknamed Amazon One, flies over Lake Washington during the Seattle Seafair Air Show on Aug. 5, 2016 in Seattle. Getty Images Amazon on Wednesday opened its $1.5 billion air hub in northern Kentucky, which will help accelerate its push for faster delivery and greater control over its logistics network. It’s
In this article TSLA CMCSA A Tesla Model 3 plugged in and charging at a Supercharger rapid battery charging station for electric vehicles in Bersteland, Germany, on March 02, 2021. Thomas Koehler | Photothek | Getty Images During the pandemic, the internet kept Americans going as much as highways and rails. Now, a $1 trillion
Former Theranos CEO Elizabeth Holmes (center) and her counsel exit court on June 15, 2021. Holmes is scheduled to face trial for wire fraud and other charges later in the year. CNBC The federal judge in former Theranos CEO Elizabeth Holmes’ fraud trial is considering whether to unseal details about her psychological evaluation as part
In this article PYPL The Ebay Inc. Venmo application (app). Andrew Harrer | Bloomberg | Getty Images Venmo launched a credit card feature Tuesday that allows users to convert their cash-back rewards into bitcoin and other cryptocurrencies. The development is part of the broader crypto strategy of Venmo parent PayPal. The company launched a business
Drivers for GrabFood line up to collect orders at a Pisang Goreng Bu Nanik store in Jakarta, Indonesia. Dimas Ardian | Bloomberg | Getty Images SINGAPORE — Southeast Asia’s technology start-ups had a combined valuation of $340 billion last year and that figure may jump more than threefold by 2025, according to Jungle Ventures. Over
The Bootleg Fire rages across central Oregon state, in Klamath County, Oregon, in this July 13, 2021 picture obtained from social media. Oregon State Fire Marshal | via Reuters Air quality in the United States and Europe improved over the last decade thanks to stricter environmental regulations, but intensifying wildfires raise new air pollution concerns.
The work-from-home boom has given several virtual reality (VR) companies incentive to experiment with new ways of trading. While platforms are rapidly evolving and firms are putting themselves in a position to sell the new technology, it’s not a big business yet — but many believe it will be soon. Glimpse Group is an umbrella
In this article AMZN Amazon aggregators are in the midst of a buying frenzy. They’re trying to entice sellers who have successful brands on Amazon with incentives like Tesla giveaways and exclusive parties. Some of the biggest Amazon aggregators, Thrasio and Perch, have valuations in the billions of dollars. In July, they were among the